Hard advice but if you can't save up $15k and it has been 2.5 years, it's unlikely to make a difference at this point. If the $15k isn't all at once needed, seek credit cards but again, if you can't save $15k, there are some fundamental things that need to be tried prior to seeking funding. Such as, cut out everything you don't need or can go without. If you are already doing this, then your business isn't making money and unless you have a lot more capacity without adding overhead.... then you need to raise prices.
We restructured our business at the start of this year, raised prices, cut what we didn't need, and created SOPs and systems to start making a profit. It's working but because of previous debts we are paying back things are more difficult.
Is your problem that you are at capacity without additional capital or you aren't getting enough customers without additional capital. If the latter, go door to door, park in parking lots with a sign. Do whatver it takes.
I am at capacity with current resources. because i take long to get paid by the time i get paid im covering the reoccuren charges/ overheads that pile up. Its more of a cash flow issue.
I would think for handyman services you can ask for payment same day. For construction projects, I don't know. But have you asked your bank for a line of credit? Instead of taking out a loan, they give you a line of credit that you use as needed but constantly pay off. They can also give you an advance on invoices and you pay a percentage of the invoice. This way, you only borrow what you need rather than trying to get a bigger loan. And, of course, try to work out a shorter payment schedule. With the revenue you have, it doesn't seem like the projects are big enough to have 30 day or 60 day payments. Why don't they pay within a week or two?
